Elon Musk manipulated the company’s stock prices,” some have accused Twitter Shareholders to the founder of Tesla and SpaceX. The billionaire has filed a proposed purchase of the company, with the payment set at $54.20 per share, for a total of $44 billion. Then the second thought: “nothing will be done until the bots issue is clarified”. And in the meantime, Twitter collapsed on the stock market, partly due to the constant twists and turns of the billionaire.
The suspicion is that there is nothing random about Musk’s movements. The entrepreneur – some experts have been whispering for weeks – is trying them all for down renegotiate the cost of the operation. But it could cost him dearly.
“The fair market value of Twitter stock was determined by Elon Musk, who knowingly misrepresented and failed to conduct negotiations in good faith,” the documents supporting the statement read. it causes
Twitter has a problem with bots Well, argues the actress, Elon Musk could have noticed before making a $44 billion bid. And the point, shareholders go on to say, is that Musk was already aware of the problem. “At the time, Musk knew that Twitter had quite a number of fake or bot-managed accounts, so much so that the social network had filed a lawsuit over this very thing with a multimillion-dollar transaction,” the billionaire’s lawsuit reads. “Musk has made several posts on this topic in the past and this long before he made his offer to buy Twitter, which was presented with a full awareness of the issue.”
Hence the statement: bots are just a pretext. Elon Musk just wants to renegotiate the deal, or have an excuse to leave the negotiating table with no repercussions. The agreement that has already been signed by Musk and the Council contains a fine of 1 billion dollars, but. if it turns out that the entrepreneur is acting in bad faith, he risks much more serious consequences.
Source: Lega Nerd
